Bad luck Quote by Seth Klarman

The function of the margin of safety is, in essence, that of rendering unnecessary an accurate estimate of the future.

— Benjamin Graham

There is a close logical connection between the concept of a safety margin and the principle of diversification.

— Benjamin Graham

To have a true investment, there must be a true margin of safety. And a true margin of safety is one that can be…

— Benjamin Graham

Even with a margin of safety in the investor's favor, an individual security may work out badly. For the margin guarantees only that he…

— Benjamin Graham

“Graham figured that always using the margin of safety principle when deciding whether to purchase shares of a business from a crazy partner like…

— Joel Greenblatt

In security analysis the prime stress is laid upon protection against untoward events. We obtain this protection by insisting upon margins of safety, or…

— Benjamin Graham

The three most important words in investing...Margin of Safety.

— Warren Buffett

“A strong-minded approach to investment, firmly based on the margin-of-safety principle, can yield handsome rewards. But a decision to try for these emoluments rather…

— Benjamin Graham

“Only by insisting on what Graham called the “margin of safety”—never overpaying, no matter how exciting an investment seems to be—can you minimize your…

— Benjamin Graham

No matter how careful you are, the one risk no investor can ever eliminate is the risk of being wrong. Only by insisting on…

— Benjamin Graham

When all feels calm and prices surge, the markets may feel safe; but, in fact, they are dangerous because few investors are focusing on…

— Seth Klarman

It is our argument that a sufficiently low price can turn a security of mediocre quality into a sound investment opportunity - provided that…

— Benjamin Graham